Monday, March 31, 2014

Loews Hotels & Resorts Announces Michael Palmeri as Senior Vice President and New Head of Acquisitions and Development

Michael Palmeri
NEW YORK, NY – (March 31, 2014) - Loews Hotels & Resorts, a wholly owned-subsidiary of Loews Corporation (NYSE: L), today announced the promotion of Michael Palmeri to Senior Vice President, Acquisitions and Development, who will assume responsibility for leading the company’s property acquisitions, real estate development and capital raising.

 Palmeri, who joined Loews Hotels & Resorts in 2011, has played an instrumental role in growing the company and expanding the Loews brand. 

Loews recently acquired hotels in Los Angeles, Washington, D.C. and Boston and today opens hotel four in Orlando, Universal’s Cabana Bay Beach Resort, a joint venture with NBC Universal.

Additionally the company is developing a hotel in Chicago, which is scheduled to open in early 2015.  He also plays a key role in managing new capital partners and raising equity for deals.
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For a complete copy of the company’s news release, please contact:

Sarah Murov                                                                                                      
(212) 521-2495                                                                                                                                                           
 Chris Daly 
 (703) 435-6293

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